Lloyds Banking Group PLC (LYG) Sees Strong Trading Volume
Lloyds Banking Group PLC (NYSE:LYG) saw unusually-high trading volume on Tuesday . 4,472,624 shares changed hands during trading, a decline of 4% from the previous session’s volume of 4,677,009 shares.The stock last traded at $3.07 and had previously closed at $3.00.
A number of research firms recently weighed in on LYG. Deutsche Bank AG reaffirmed a “buy” rating on shares of Lloyds Banking Group PLC in a report on Thursday, May 26th. Zacks Investment Research raised Lloyds Banking Group PLC from a “sell” rating to a “buy” rating and set a $4.75 target price for the company in a report on Wednesday, June 22nd. Barclays PLC cut Lloyds Banking Group PLC from an “overweight” rating to an “equal weight” rating in a report on Monday, June 27th. Finally, Bank of America Corp. cut Lloyds Banking Group PLC from a “neutral” rating to an “underperform” rating in a report on Monday, June 27th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of GBX 82.08 ($1.08).
The stock has a market capitalization of $45.47 billion and a price-to-earnings ratio of 29.028. The company has a 50-day moving average of $2.91 and a 200-day moving average of $3.63.
The company also recently declared a dividend, which will be paid on Tuesday, October 11th. Investors of record on Friday, August 12th will be issued a dividend of $0.045 per share. The ex-dividend date is Wednesday, August 10th.
LLOYDS BANKING GROUP plc provides financial services to individual and business customers in the United Kingdom but also overseas. The Company’s business activities include retail and commercial banking, long-term savings, protection and investment. It operates through its segments, including Retail, Commercial Banking, Consumer Finance and Insurance.
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